In the NBA, predominantly Black players play in front of predominantly non-Black fans. Using the 'NBA bubble', a natural experiment induced by COVID-19, we show that the performance of Black players improved significantly with the absence of fans vis-à-vis White players. This is consistent with...

In the NBA, predominantly Black players play in front of predominantly non-Black fans. Using the 'NBA bubble', a natural experiment induced by COVID-19, we show that the performance of Black players improved significantly with the absence of fans vis-'a-vis White players. This is consistent with...

Investor time horizon varies by company, industry and economic system. In this paper we explore the importance of this variation by studying the impact of shareholder time horizon on the investment decisions of the firms they own, and externalities on the wider market. We demonstrate...